Bharat Petroleum Corporation Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BPCL, BSE:500547 Bharat Petroleum Corporation Ltd.

Bharat Petroleum Corporation Ltd.

21 Nov 2019

348.50

0.99%

Event Update

Buy: Bharat Petroleum Corporati...

Target

Prabhudas Lilladhar

BPCL remains a prized asset with fully integrated operations and accordingly, expect aggressive bidding by global oil majors. In a significant decision, the Government has given cabinet approval to transfer government shareholding (53.29%) in BPCL, ex of the Numaligarh refinery (NRL), to a strategic investor. Transfer of management control is positive and will help the government optimize value; potential receipt...

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Bharat Petroleum Corporation Ltd.

19 Nov 2019

348.50

0.99%

A revisit to recent global acquisitions in fuel retail

Neutral: Bharat Petroleum Corporati...

Recommendation Target

Motilal Oswal

During 2013-18, consumption of petroleum products in India came in at ~6.4% CAGR as against 1.6%/5.2%/-3.5% for the US/China/ Japan respectively. However, rise in urbanization combined with better road connectivity is expected to result in sustained high growth of auto fuel consumption, despite the onslaught of CNG and EVs. Most metros are well proliferated in terms of retail outlets. While constructing depots and terminals is still not a major hurdle, constructing a petroleum product pipeline and battling complex land laws in the process are definitely formidable challenges, both in terms of cost and time. OMCs together account for 92% of petroleum product pipelines, 91% of marketing depots and 90% of retail fuel outlets. BPCL alone accounts for 20% of petroleum product pipelines, 25% of marketing depots and 23% of retail fuel outlets; thus, providing a lucrative entry point for a prospective buyer.

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Bharat Petroleum Corporation Ltd.

13 Nov 2019

348.50

0.99%

BPCL

Results Update: Bharat Petroleum Corporati...

SMC online

2019 compared to corresponding previous year period. This included subsidy from the government of Rs 56.58 crore down 77% on a y-o-y basis. Excluding compensation from the government sales of the company fell 11% to Rs 64232.92 crore....

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Bharat Petroleum Corporation Ltd.

09 Nov 2019, 08:07AM

348.50

0.99%

Bharat Petroleum Corporation (2QFY20): Muted performance. Maintain SELL

Sell: Bharat Petroleum Corporati...

Target

HDFC Securities

We believe that the current valuation multiples (8.7x EV/e FY22) are already pricing in a full privatisation scenario for BPCL. Only potential improvement in earnings and cash flows can drive re-rating of stock. But this will obviously be realized with a lag and is contingent upon the private player's ability to bring about efficiencies. Our SOTP target is Rs 451/sh (5.5x Sep-21E EV/e for standalone refining, 6.0x Sep-21E EV/e for marketing and pipeline business and Rs 139/sh for other investments). Maintain SELL. Owing to a subdued refining performance in Q2, BPCL failed to impress us yet again. Moreover, BPCLs core EBITDA (adjusted for inventory and forex gains/losses) growth will lag peers over FY20-22 in the absence of refinery expansion.

Bharat Petroleum Corporation Ltd. has gained 21.90% in the last 6 Months

Bharat Petroleum Corporation Ltd.

08 Nov 2019, 12:00AM

348.50

0.99%

Bharat Petroleum Corporation

Hold: Bharat Petroleum Corporati...

Target

ICICI Securities Limited

The correction in oil prices led to super-normal marketing margins for OMCs in the latter part of last fiscal year, post which marketing margins have stabilised to normal levels. We expect similar profitability from this segment in the coming quarters. In terms of marketing sales, BPCL reported a growth of 1.7% YoY to 10.3 MMT, below our estimates on account of lower than expected diesel as well as overall product sales. Going forward, we expect marketing sales volumes to improve to 3.5-4.5% CAGR over the next two years. Crude throughput in Q2FY20 was higher YoY at 7.7 MMT, lower than...

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Bharat Petroleum Corporation Ltd.

08 Nov 2019, 12:00AM

348.50

0.99%

BPCL-2QFY20 Result Update

Bharat Petroleum Corporati...

Reliance Securities

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

17 Oct 2019

348.50

0.99%

Bharat Petroleum (Update): Game's (almost) over. Downgrade to SELL

Sell: Bharat Petroleum Corporati...

Recommendation Target

HDFC Securities

The stock has surged ~35% in a month and almost fully reflects our bull case, leaving little upside. Government's demonstrably weak stance on auto fuel pricing (across different political regimes), expected credit rating downgrades (likely on losing implicit GoI support on balance sheet) and rich valuations compel us to downgrade BPCL to SELL A group of Secretaries on disinvestment has approved the strategic sale of Government of Indias (GoI) entire 53.2% stake in BPCL. The Department of Investment & Public Asset Management (DIPAM) has floated a request for proposal inviting transactions, legal advisors and asset valuers for this purpose. Yet, there is uncertainty on whether this will lead on to genuine privatisation or yet another stake sale to a Public Sector Unit (PSU).

Bharat Petroleum Corporation Ltd. is trading above all available SMAs

Bharat Petroleum Corporation Ltd.

05 Sep 2019

348.50

0.99%

Event Update

Buy: Bharat Petroleum Corporati...

Target

Prabhudas Lilladhar

We believe divestment of BPCL to private sector will help maximize revenue Change in Estimates | Target | Reco although it is unlikely to alter market dynamics in the near term. While...

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Bharat Petroleum Corporation Ltd.

05 Sep 2019

348.50

0.99%

BHARAT PETROLEUM CORPORATION LTD

Hold: Bharat Petroleum Corporati...

Target

Geojit BNP Paribas

Bharat Petroleum Corporation Ltd is one of India's leading Oil & Gas companies. It operates refineries located in Kochi, Mumbai, Bina and Numaligarh. The company's marketing infrastructure consists of...

Bharat Petroleum Corporation Ltd. has gained 21.90% in the last 6 Months

Bharat Petroleum Corporation Ltd.

19 Aug 2019

348.50

0.99%

BPCL

Results Update: Bharat Petroleum Corporati...

SMC online

BPCL consolidated net sales rose 6% to Rs 76325.39 crore for the quarter ended June 2019 compared to corresponding previous year period. This included subsidy from the government of Rs 139.22 crore down 44% on a y-o-y basis. Excluding compensation from the government sales of the company rose 6% to Rs 76186.17 crore. OPM of the company fell 250 bps to 3.9%. As a result operating profits fell 35% to Rs 2981.84 crore. Cost of material consumed as a percentage to net sales (net of stock adjustments) fell 30...

Number of FII/FPI investors increased from 1297 to 1381 in Jun 2025 qtr.

Is Bharat Petroleum Corporation Ltd. worth buying?

1441 Votes:

Buy 77.65%

Sell 11.59%

Hold 10.76%

RESEARCH REPORTS

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